CBDT issues operational clarity on crypto reporting, exchanges to collect tax residency details

CBDT issued a detailed guidance note on India's new crypto reporting framework under the Income-tax Rules, 2026.

Crypto exchanges and VDA service providers must collect users' tax residency and Taxpayer Identification Number (TIN).

Entities must maintain transaction records and submit annual reports to the Income Tax Department.

The guidance aligns India's framework with the OECD's Crypto-Asset Reporting Framework (CARF).

No new tax on virtual digital assets was introduced; the guidance provides operational clarity for reporting.